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Europe Daily Bulletin No. 8190

12 April 2002
Contents Publication in full By article 35 / 44
GENERAL NEWS / (eu) eu/state aid
Commission gives go-ahead to large-scale investment in STMicroelectronics in Sicily

Brussels, 11/04/2002 (Agence Europe) - On Tuesday the European Commission decided that a EUR 542.3 million investment aid to STMicroelectronics Srl is compatible with the Common Market. Italy intends to grant this aid to STMicroelectronics that will build a new plant for the production of a new type of semiconductors. The overall eligible investment cost is EUR 2,066 million, one of the largest individual investments the Commission has ever assessed under the state aid rules. Production will...

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